Tag Archives: Change

Small Change Big Results: The Power of Compound Living.

CompoundInterest3We’ve all been on the receiving end of compound interest. Our mortgage, credit cards, and even the Dentist love to tack on that interest. Luckily, it also works in our favor, if we’re wise enough to take advantage of it. For instance:

Compound Interest is Powerful

If you take $1 and save it, every week, for twenty five years, you would have $1,300. Not bad for a less than the cost of a donut. But, and this is the key, take that same $1 and invest it, adding $1 a week for 25 years, at a market average return of 9.19% (a which is the average market return adjusted for inflation 1988-2013), you would have $4,946.88. That’s $3646.88 (281%) more than saving it. Compound interest is a powerful thing.

Compound Living is Powerful

This post is not about your finances, so why am I waxing eloquent on compound interest? Because the same principle holds true in lifestyle design. You can save your energy or invest it. Your choice determines the difference in how effective your life will be. That is why some people are hundreds of times more effective than others, even though we all have the same 525,949 minutes a year. Time is what this is really all about.

FindingTime1Finding Time

According to International Business Times (http://www.ibtimes.com/average-us-adult-spends-21-minutes-day-facebook-1691274) the average person–as of September 2014–spent 21 minutes a day on FaceBook. So, 21 x 7 x 52 x 25 = 191,100 minutes or 3,184 hours or 132.71 days. Oh, BTW, those are 24 hour days. If you want to look at it like work days…398.125 work days.

Now, I’m not about to bash FaceBook. The platform is amazing and useful, but it’s hard to look at those numbers and still say, “I don’t have time to do something amazing. There just aren’t enough hours in the day.” Imagine what we could do with our lives if we took back 10 of those minutes each day.

Small changes create big rewards

Small changes in how we use our time create big rewards over time

DailyImprovementsQuote

I’ll save you the arithmetic. By taking back ten minutes a day, we would gain ourselves 190 work days over 25 years. That’s a lot of time to build a business, volunteer for a cause that matters, or write the book you know you should be writing.

Small changes in how we use our time create big rewards over time. Where are you losing out on future riches by “saving” time instead of investing it? What could you accomplish in the next five, ten, or twenty-five years by finding ten extra minutes a day?

If you can’t find 10 extra minutes a day, you’re doing something wrong. Try this: https://www.headspace.com/ or stop by http://balanceisbunk.com and connect with me. I’ll help you figure it out.

The Simple Phrase that Increases Effort 40%

 

power of lever

Every effective leader and coach knows that there’s no moment more important than the moment feedback is delivered. When you perform this important process correctly,  the learner takes a step forward. Do it poorly, and the reverse happens.

Daniel Coyle asks this great question, “What’s the secret of great feedback?” Coyle says “we instinctively think that effective feedback is about the quality of the information — telling the learner to do this and not that. But is this true, or is there something else going on?”

Leading psychologists from leading institutions including Stanford, Yale and Columbia addressed this same question. They had middle-school teachers assign an essay-writing assignment to their students, after which students were given different types of teacher feedback.

To their utter astonishment, researchers discovered that there was one particular type of teacher feedback that improved student effort and performance so much that they considered it “magical.” Students who received this feedback chose to revise their paper far more often that students who did not (a 40 percent increase among white students; 320 percent boost among black students) and improved their performance significantly.

What was the magical feedback?

Just one sentence:

I’m giving you these comments because I have very high expectations and I know that you can reach them.

That’s it. Simple, 19 words. Not only this is great feedback, but a signal that creates  something more powerful: a sense of belonging and connection. Growing up as a child who had ADHD, I remember how my mom consistently used this type of feedback. Though I didn’t believe it on the outset, her constant reminders helped me change my belief culminating into a transformation of behavior and achievement of goals that seemed rather impossible at that time.  (Read more on the fascinating study of Pygmalion effect HERE)

Looking closer, the sentence contains several distinct signals:

  • 1) You are part of this group.
  • 2) This group is special; we have higher standards here.
  • 3) I believe you can reach those standards.

I love how Coyle follows up with these insights:

“The key is to understand that this feedback isn’t just feedback — it’s a vital cue about the relationship. The reason this works so well has to do with the way our brains are built. But when we receive an authentic, crystal-clear signal of social trust, belonging, and high expectations, the floodgates click open.”

Coyle offers three, relevant lessons for leaders and coaches based on this finding:

  • First, connect: like John Wooden said, they can’t care how much you know until they know how much you care.
  • Highlight the group: seek ways (traditions, mantras,  fun little rituals) to show what it means to belong in your crew.
  • Don’t soft-pedal high standards. Don’t pretend that it’s easy — do the opposite. Emphasize the toughness of the task, and  your belief that they have what it takes.

I’m Dying.

diagnosis2The news was not good. It was neither what we expected, nor wanted to hear.

Terminal

My condition is terminal; there is no known cure. And what treatments there are will cost, in both personal lifestyle, comfort and funds. And even then they will, at best, only extend my life for a relatively short time.

It’s the kind of news that causes you to rethink your life, to refocus, to make amends, even to make drastic changes in behaviour, all in the hope of extending, or making the best of, what time you’ve got left.

Death has a way of making us alive.

I’ve never heard of a dying person saying: “Oh I wish I’d worked longer hours”, or “I’ll never forgive so and so.” or “I just want to be alone.” Death has a way of giving us life;, of clarifying what’s important.

So why do we put in more time and effort into our work than we do with our families?

Why do we hold on so tight to that incident back then that fractured that relationship?

Why do we wait until we’re dying to live for what’s of lasting value?

Why do we wait until a loved one dies before we tell them what we loved and valued about them?

Death Sentence

This news of my “death sentence” is causing me to take serious stock of my life, to evaluate, to make changes. And in so doing, I hope, with what little time I have left, to make a positive impact on my world: to change my world by changing myself.

life01I hope to leave my family and friends with a legacy of life that will carry them through their grief and into a new world without me. To guide them through the valley of the shadow of death and into a new and open vista of all they can be. To inspire them to live their life with passion and courage.

Now here’s the shocker: that condition I was diagnosed with? LIFE!

I have the terminal condition of life.

Every day we live is one day closer to death.

We all die! We just don’t like to admit it. We hope and plan to live for 20 or 30 years, but the truth is each of us could die tonight. Death is the harsh reality of life.

Every day we live is one day closer to our death. Not all of us get the kind of news that they’re dying? But the truth is WE’RE ALL DYING! We’re all under a death sentence.

The question is: “What will you do with the life you have left?”

Share your comments below. Inspire me and others with how you’re preparing for your death with living today.

3 Things I Learned From Being Laid Off

When the call came 5 months ago, I was actually expecting a conversation about a promotion.  The company had just merged and everyone in sales (without regard for skill, geography, or performance) that had been with the company for less than a year was canned.  Ex-squeeze me? Baking powder? (said in Wayne Campbell voice).  We were in the middle of closing on a house and basically living on my paycheck alone.  Rarely is there a “good” time for a layoff, but this hurt.

I’ve never felt so numb.  In an instant, I went to the worst-case scenario.  I was certain that we would be homeless in a few days, cars repossessed, and my kids would be holding up signs at the intersection.  My family had their own issues and wouldn’t be able to help, and I would be too proud to ask or accept anyway.  My friends wouldn’t want to associate with such a loser.  And, my wife would probably leave me to find someone that could provide.  The fact is layoffs are common and rarely have anything to do with performance, or at least in medical sales, but still I felt embarrassment, shame, rejection, guilt, confusion, and anger.

I had a pity-party for about 4 hours, then I made the decision that being upset and worried would not get me another job or pay the bills.  So I reported immediately to my new “job” of getting a new job.

I was able to get a better paying job in 3 weeks, but during this “short” time, which seemed like years, I learned a few things:

  • My job is NOT my identity
    • Men are especially guilty of this.  When we meet another guy, one of the first questions we ask is “So, what do you do?” When you lose a job, you answer this question about yourself…”I am nothing.”  Ugh.  We are so much more than a job title.  I thought I knew this, but it took a layoff to help me really understand this.
  • My life is determined by ME
    • I never again want to let a  group of executives in a different state determine my future or happiness.  Starting to blog stemmed from this.
  • I was NOT prepared
    • I didn’t have a plan because these things only happen to “other people”.  Financial security and planning have come back to the front of my mind.

“Life rewards your action, not your desire.”

If your life is fully at the mercy of your company, do yourself a huge favor and start to think about how you can become financially independent.  It doesn’t happen overnight and I’m certainly not there yet either, but I am using this experience as a way to change my situation and my future.  Your next steps in life are determined by the decisions you make now.  Decide that you are not your job title, that you are in control of your life, and decide to make a plan to move you closer to financial independence.

If you’ve been laid off in the past, what would you tell someone going through it right now?  Join the discussion!